"Allstate Corp. has filed a federal lawsuit against Bank of America Corp. over more than $700 million in losses from mortgage-backed securities (MBS) it bought from Countrywide Financial Corp., which the bank purchased in 2008. Allstate is also suing 18 other defendants, including Angelo Mozilo, the former Countrywide CEO."
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Wednesday, December 29, 2010
Mortgage Orb: Content / Residential Mortgage / Allstate Sues Bank Of America Over $700M In MBS Losses
Mortgage Orb: Content / Residential Mortgage / Allstate Sues Bank Of America Over $700M In MBS Losses:
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